PGM Ltd. keeps faith at Towle Lake
Vancouver — Drill results from Platinum Group Metals’ (PTM-T) Lac des les project, near Thunder Bay, Ont., confirm the presence of platinum group metal mineralization in the Towle Lake intrusion.At …
Articles by Northern Miner Staff
Daily Metal Prices (March 31, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 25March 24March 21March 20March 19Al Alloy148…
Investors skittish about junior market
Vancouver — Investors continued their junior-exchange exodus over the week ended March 25. The S&P-TSX Venture Exchange composite index shed 19.80 points, or 1.86%, and closed at 1,042.2.Spider Resou…
Penasquito resource updated
Vancouver — Western Silver Corp. (WTC-T), formerly known as Western Copper Holdings, has announced a revised resource estimate for the Chile Colorado zone Mexico’s Zacatecas state. The zone is part o…
APAC busy in Patagonia
Vancouver — Patagonia Gold has begun a 5,500-metre, 24-hole drill program at the Cuya low-sulphidation epithermal gold property in the Argentina’s Rio Negro province.The project is a joint-venture be…
Diamond definition won’t change: Bureau
A proposed change to the trade definition of Canadian diamonds, aimed at fostering a fledgling diamond cutting and polishing industry in the Northwest Territories, is dead in the water.The document, c…
River Valley PGM deposit shows continuity
Pacific North West Capital (PFN-V) has tabled the first batch of assays from a 40,000-metre, $5.3-million drilling campaign at the River Valley platinum group metal (PGM) property, near Sudbury, Ont.T…
Pele peers into Cristal
Junior Pele Mountain Resources (GEM-V) has begun drill-testing the Cristal diamond showing at the Festival property, near Wawa, Ont.Earlier this year, Pele recovered a white, 0.72-carat gem-quality di…
Noranda confirms Magnola plant closure
Noranda (NRD-T) is closing its 80%-owned Magnola magnesium plant is in Danville, Que. The troubled plant will be idled for at least a year, possibly longer depending on magnesium prices.Layoffs will b…
Stornoway advances Coronation Gulf projects (March 31, 2003)
Vancouver — Stornoway Ventures (SWV-V) plans to follow up on indicator mineral trains found on its Sceptre and Tiara diamond properties in the Coronation diamond district of Nunavut.Last spring, a 6,…
First Quantum raises funds (March 31, 2003)
First Quantum Minerals (FM-T) has inked a financing deal with a private equity fund to raise up to US$35 million.Subject to the usual conditions, AIG African Infrastructure Fund will purchase 4 millio…
The Northern Miner Indices (March 31, 2003)
North American Mining: 64.69 (-3.07)Small Producers: 54.42 (-4.31)(Sept. 30/98 = 100)…